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British PM loses majority, faces pressure to resign

LONDON: British Prime Minister Theresa May faced pressure to resign on Friday after losing her parliamentary majority, plunging the country into uncertainty as Brexit talks loom. May called the snap election in April in an attempt to extend her majority and strengthen her position, but her gamble backfired spectacularly after she failed to win enough seats to form a Conservative government. Sterling sank against the dollar and the euro as investors questioned who was now going to control the Brexit process. EU…